India's Hariom Pipe jumps on scheduled commercial production at expanded facility

Hariom Pipe Industries

25/11/2022 06:29

** Shares of steel pipes manufacturer Hariom Pipe Industries
 HARO.NS  rise as much as 12.1% to 319.9 rupees, highest since
March 22
    ** Co says it has completed setting up its 15-ton electric
melting furnace; commercial production to begin on Nov. 25
    ** Production of MS Billets to increase to 104,232 MTPA from
the current 95,832 MTPA
    ** Stock posts its biggest intraday pct gain since May 20
    ** Stock set to rise for a fourth straight session
    ** More than 710,271 shares change hands by 0557 GMT, 5x the
30-day avg of 141,481 shares
    ** Stock up 30% from open price on listing on Apr. 13, as of
last close
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))